Plug Power: sellers take back control
Plug Power slips 3.7% as sellers retake control of the tape
Plug Power: sellers take back control
Our view last week
After last week's plunge - 15.5% shed with sellers controlling 94% of the volume - Plug Power eases up this week: the drop slows to 2.7% and volume turns more balanced, with 32% of trading on the buy side. The price still carves lower highs, from the 2.9 area toward 2.4, and money flow keeps deteriorating. Weekly ADX is falling, a sign the trend is losing conviction: the decline continues, at a slower pace.
This week's summary
After last week's rebound attempt - a 13% bounce off a double bottom in the 2.1 area - sellers took back control on Plug Power, at 92% of the volume. In our technical analysis of Plug Power stock, money flow caved to its worst level of the past four weeks and the RSI dropped to 40.6, while weekly ADX is slowing down. The Sell signal stays under management, with the short more than 24% in the money: the floor in the 2.07 area is the key level to watch.
IQS Phase
84
in tension / maturity
Signal Strength
23
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#102 / 141
US stocks
Trade P&L %
+24.28%
from signal to today
Rank position
ranks 102nd among the 141 sell signals for US stocks in our ranking, with a signal strength of 23 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
PLUG belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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